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StocksMediumUpdated•Originally published 8 September 2026•Updated 8 September 2026•
2 min read

Celestica Lifts Annual Revenue Outlook to $20.5 Billion After 62% Second-Quarter Growth

Key Facts

1Celestica raised its annual revenue outlook to $20.5 billion and adjusted EPS outlook to $11.30.
2The company expects third-quarter revenue between $5.25 billion and $5.55 billion and adjusted EPS between $2.88 and $3.08.
3CLS closed at $312.35 on September 4, 2026, after reaching an intraday high of $318.41.

Celestica raised its current-year revenue outlook to $20.5 billion from $19.0 billion and increased its adjusted non-GAAP EPS outlook to $11.30 from $10.15. The company cited strong first-half performance, firmer second-half customer forecasts and improved component supply.

The revision followed quarterly revenue of $4.70 billion, up 62% from $2.89 billion a year earlier. Adjusted EPS rose to $2.54 from $1.39, while adjusted operating margin increased to 8.2% from 7.4%.

For the third quarter, Celestica expects revenue between $5.25 billion and $5.55 billion and adjusted EPS between $2.88 and $3.08. The $5.40 billion revenue midpoint implies growth of about 69% from $3.19 billion in the comparable period; that is a guidance-based comparison, not a reported result.

Management said the higher 2026 outlook reflects stronger expected third-quarter demand and better visibility for the rest of the year. It also expects 2027 revenue growth to exceed the 65% projected for 2026, with adjusted EPS growing faster than revenue in 2027; these remain forward-looking estimates rather than assured results.

Celestica has also announced roles in two AI-infrastructure programs. It is contributing board, rack and system expertise to OpenAI's multi-generation platform, whose first generation is targeted for initial deployment by the end of 2026, and is handling research, design and manufacturing for scale-up networking switches in AMD Helios, which is due to become available to customers in late 2026.

Management said on the earnings call that demand discussions extend into 2028 and, in some cases, 2029, while lead times for some products exceed 52 weeks. That widens the planning horizon but does not make expected demand certain revenue, and continuity of material supply remains a key constraint.

CLS closed at $312.35 on September 4, 2026, after reaching an intraday high of $318.41. The next operating test is delivery against third-quarter guidance and progress on new programs; company disclosures say outcomes depend on component availability, successful qualification and production-ramp timing.